ARC Analyst -Accounting & Reporting Analyst

Castrol is one of the world’s leading lubricant brands, serving customers and consumers in the automotive, marine, industrial and energy sectors. Castrol brands are recognised globally for their premium quality and high performance, shaped by the company’s commitment to innovation and cutting-edge technology. With products sold in more than 150 countries, Castrol has helped keep things moving onroads and racetracks, air, sea, and space for over 125 years. 

Whether you're just starting out or ready for your next big move, you're in the right place to explore an exciting career with Castrol.

Job description

About the team

The ARC Analyst is accountable for ensuring accurate and timely payroll accounting, reporting, statutory compliance, reconciliations, employee taxation activities, and payroll-related financial reporting while ensuring adherence to policies and procedures operational excellence, strong controls, and compliance.

Key tasks

• Ensure accurate and timely delivery of end-to-end payroll accounting activities (i.e., payroll journal postings, GL maintenance, payroll accruals, system postings, report preparation, reconciliations, statutory submissions, employee tax accounting, etc.) in accordance with SLAs.
• Support timely and accurate monthly, quarterly, and annual financial reporting by ensuring proper accounting and disclosure of payroll-related transactions in compliance with Group Accounting Policies, Indian Accounting Standards, and statutory requirements.
• Manage monthly and quarterly payroll close activities and ensure timelines are adhered to. Perform analytical reviews of payroll costs, employee benefits, provisions, and statutory liabilities to ensure accuracy and completeness.
• Support timely and accurate compilation of payroll-related tax accounts, employee taxation records, statutory returns, and audit schedules. Interface with internal and external auditors and support smooth completion of payroll-related audits.
• Ensure compliance with Indian labour laws, payroll regulations, employee taxation requirements, provident fund, employee state insurance, professional tax, gratuity, and other statutory obligations wherever applicable.
• Manage and coordinate payroll reconciliations, including payroll systems to general ledger reconciliation, statutory liability reconciliations, employee deductions, and payroll clearing accounts to ensure discrepancies are identified, investigated, and resolved promptly.
• Ensure timely submission of payroll-related statutory payments, returns, and regulatory filings in accordance with legal requirements and company policies.

Experience required

• Bachelor’s Degree in Accounting.
• Minimum of 3-7 years of experience in general and/or financial accounting.
• Ensuring 100% accuracy and timeliness of payroll accounting, statutory payments, employee taxation, and financial reporting within agreed service levels.
• Maintaining up-to-date knowledge of evolving payroll legislation, labour laws, and tax regulations.
• Managing payroll processing, accounting, and reporting activities within strict monthly, quarterly, and annual deadlines.
• Maintaining strong controls over payroll data while handling confidential employee information.
• Reconciling multiple HR, payroll, and finance systems and resolving discrepancies within tight reporting timelines.
• Liaising with employees, HR teams, payroll vendors, auditors, and stakeholders across different geographical locations and time zones requiring rigorous coordination and communication.
• Driving automation and continuous process improvement while ensuring compliance with internal policies and statutory regulations.
• Provide relevant payroll accounting and compliance advice to HR, Finance, employees, and business stakeholders as and when required.
• Regularly track and resolve outstanding payroll accounting, taxation, and compliance issues that have been escalated, or further escalate to the necessary parties.
• Proactively identify, propose, and implement continuous improvement, standardization, automation, and digitalization opportunities within payroll accounting and reporting processes.
• Liaise effectively with HR teams, payroll service providers, tax teams, auditors, and senior stakeholders to ensure seamless payroll processing and reporting.

Privacy

The Castrol entity recruiting for this role is the data controller for the personal information you provide. We use it to assess your application and to manage the recruitment and onboarding process. We may share it with service providers who support our recruitment, and it may be transferred to other Castrol entities internationally under appropriate safeguards. We keep it only for as long as necessary. For details of how we use your information and your data protection rights, contact  [email protected].

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to Castrol recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.).

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.